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JPMorgan says 2022 will see full recovery globally

FILE PHOTO: A sign outside the JP Morgan Chase & Co offices.  in New York
FILE PHOTO: A sign outside the JP Morgan Chase & Co offices. seen in New York City, USA, March 29, 2021. REUTERS / Brendan McDermid / File Photo

December 8, 2021

LONDON (Reuters) – U.S. investment bank JP Morgan predicted on Wednesday that 2022 will mark the end of the coronavirus pandemic and see a global economic recovery.

The bank’s outlook for next year says vaccines and new treatments will lead to “a strong cyclical rebound, a return to global mobility and the release of pent-up demand.” compression from consumers.”

Marko Kolanovic, Head of Global Market Strategy & Co-Head of Global Research, said the bank expects the US S&P 500 index to rise nearly 8% to 5050, emerging market stocks to rise. 18% and 10-year US Treasury yields – a key. global borrowing costs – rising to 2.25% by the end of 2022.

“Our view is that 2022 will be the year of full global recovery, the end of the pandemic, and a return to the normal market and economic conditions we had before the COVID-19 outbreak,” said Kolanovic. speak.

(Reporting by Marc Jones; Editing by Saikat Chatterjee)

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Bobby Allyn

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